AppLovin stock: Citi cuts target for AppLovin stock to USD 500

Published on 10/21/2026 at 16:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due on November 4, 2026 after the U.S. close. AppLovin stock costs EUR 238.30 on October 21, 2026 at 4:39 p.m. CEST.

Analyst target cut and results date

Citi cut its AppLovin target from USD 600 to USD 500 on October 19, 2026.
AppLovin will report third-quarter 2026 results on November 4, 2026.
AppLovin stock costs EUR 238.30 at Lang & Schwarz on October 21, 2026 at 4:39 p.m. CEST.

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AppLovin Corp. (ISIN US03831W1080) became the subject of a lower Citi target on October 19, 2026, when the bank reduced its forecast from USD 600 to USD 500 and retained a Buy rating, as Markets Insider reported. AppLovin stock was trading at EUR 238.30 at Lang & Schwarz on October 21, 2026 at 4:39 p.m. CEST.

The target remains above Nasdaq trading

Citi's revised USD 500 target stands 85.86 percent above the USD 269.02 Nasdaq price at 10:50 a.m. ET on October 21, 2026. The comparison uses the same home-currency price, while the Lang & Schwarz quotation gives German investors the euro view.

The target cut came with a Buy rating, but the report cited higher interest rates, execution risks after the second-quarter miss and ongoing Unity litigation. Those factors give the November report greater importance than the target alone.

Stock sits inside a wide yearly range

AppLovin's Nasdaq price was USD 269.02 on October 21, 2026 at 10:50 a.m. ET. Its 52-week range was USD 260.59 to USD 738.01, putting the price 63.55 percent below the high and 3.24 percent above the low. Market capitalization stood at USD 90.4 billion at the same market-data timestamp.

The euro quotation and the home-market quotation describe different venues and currencies. AppLovin's Nasdaq listing is identified as NASDAQ: APP in the company's results announcement.

November 4 sets the next test

AppLovin announced on October 7, 2026 that it will report third-quarter results for the period ended September 30, 2026, after the U.S. market closes on November 4, 2026. The company also scheduled a management webinar for 5:00 p.m. ET that day, according to AppLovin Corp.

For the next report, the key numerical reference points are the USD 1.92 billion revenue reported for the second quarter of 2026 and the 53.00 percent year-over-year increase cited in recent coverage. The coming release will show whether that growth rate held into the third quarter.

Comparison with peers

AppLovin: USD 90.4 billion market capitalization, price-to-earnings ratio 20.67. Unity Software (NYSE, USD): USD 17.9 billion market capitalization, price-to-earnings ratio minus 29.85. The Trade Desk (Nasdaq, USD): USD 5.9 billion market capitalization, price-to-earnings ratio 14.72.

Euro price remains the investor anchor

AppLovin stock was trading at EUR 238.30 at Lang & Schwarz on October 21, 2026 at 4:39 p.m. CEST. The price offers German investors a current euro quotation while Citi's USD 500 target and the November 4 results date define the next company-specific reference points.

The further course of trading is shown by the continuously updated real-time quote of AppLovin stock.